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Compare Faroe Islands (2002) - Korea, South (2007)

Compare Faroe Islands (2002) z Korea, South (2007)

 Faroe Islands (2002)Korea, South (2007)
 Faroe IslandsKorea, South
Administrative divisions none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark); there are no first-order administrative divisions as defined by the US Government, but there are 49 municipalities 9 provinces (do, singular and plural) and 7 metropolitan cities (gwangyoksi, singular and plural)


provinces: Cheju-do, Cholla-bukto (North Cholla), Cholla-namdo (South Cholla), Ch'ungch'ong-bukto (North Ch'ungch'ong), Ch'ungch'ong-namdo (South Ch'ungch'ong), Kangwon-do, Kyonggi-do, Kyongsang-bukto (North Kyongsang), Kyongsang-namdo (South Kyongsang)


metropolitan cities: Inch'on-gwangyoksi (Inch'on), Kwangju-gwangyoksi (Kwangju), Pusan-gwangyoksi (Pusan), Soul-t'ukpyolsi (Seoul), Taegu-gwangyoksi (Taegu), Taejon-gwangyoksi (Taejon), Ulsan-gwangyoksi (Ulsan)
Age structure 0-14 years: 22.3% (male 5,149; female 5,110)


15-64 years: 64% (male 15,650; female 13,801)


65 years and over: 13.7% (male 2,818; female 3,483) (2002 est.)
0-14 years: 18.3% (male 4,714,103/female 4,262,873)


15-64 years: 72.1% (male 18,004,719/female 17,346,594)


65 years and over: 9.6% (male 1,921,803/female 2,794,698) (2007 est.)
Agriculture - products milk, potatoes, vegetables; sheep; salmon, other fish rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish
Airports 1 (2001) 105 (2007)
Airports - with paved runways total: 1


914 to 1,523 m: 1 (2002)
total: 68


over 3,047 m: 3


2,438 to 3,047 m: 21


1,524 to 2,437 m: 14


914 to 1,523 m: 11


under 914 m: 19 (2007)
Airports - with unpaved runways - total: 37


914 to 1,523 m: 3


under 914 m: 34 (2007)
Area total: 1,399 sq km


land: 1,399 sq km


water: 0 sq km (some lakes and streams)
total: 98,480 sq km


land: 98,190 sq km


water: 290 sq km
Area - comparative eight times the size of Washington, DC slightly larger than Indiana
Background The population of the Faroe Islands is largely descended from Viking settlers who arrived in the 9th century. The islands have been connected politically to Denmark since the 14th century. A high degree of self-government was attained in 1948. An independent Korean state or collection of states has existed almost continuously for several millennia. Between its initial unification in the 7th century - from three predecessor Korean states - until the 20th century, Korea existed as a single independent country. In 1905, following the Russo-Japanese War, Korea became a protectorate of imperial Japan, and in 1910 it was annexed as a colony. Korea regained its independence following Japan's surrender to the United States in 1945. After World War II, a Republic of Korea (ROK) was set up in the southern half of the Korean Peninsula while a Communist-style government was installed in the north (the DPRK). During the Korean War (1950-53), US troops and UN forces fought alongside soldiers from the ROK to defend South Korea from DPRK attacks supported by China and the Soviet Union. An armistice was signed in 1953, splitting the peninsula along a demilitarized zone at about the 38th parallel. Thereafter, South Korea achieved rapid economic growth with per capita income rising to roughly 14 times the level of North Korea. In 1993, KIM Young-sam became South Korea's first civilian president following 32 years of military rule. South Korea today is a fully functioning modern democracy. In June 2000, a historic first North-South summit took place between the South's President KIM Dae-jung and the North's leader KIM Jong Il.
Birth rate 13.74 births/1,000 population (2002 est.) 9.93 births/1,000 population (2007 est.)
Budget revenues: $488 million


expenditures: $484 million, including capital expenditures of $21 million (1999)
revenues: $219.5 billion


expenditures: $215.7 billion (2006 est.)
Capital Torshavn name: Seoul


geographic coordinates: 37 33 N, 126 59 E


time difference: UTC+9 (14 hours ahead of Washington, DC during Standard Time)
Climate mild winters, cool summers; usually overcast; foggy, windy temperate, with rainfall heavier in summer than winter
Coastline 1,117 km 2,413 km
Constitution 5 June 1953 (Danish constitution) 17 July 1948; note - amended or rewritten nine times; current constitution approved on 29 October 1987
Country name conventional long form: none


conventional short form: Faroe Islands


local long form: none


local short form: Foroyar
conventional long form: Republic of Korea


conventional short form: South Korea


local long form: Taehan-min'guk


local short form: Han'guk


abbreviation: ROK
Currency Danish krone (DKK) -
Death rate 8.69 deaths/1,000 population (2002 est.) 5.99 deaths/1,000 population (2007 est.)
Debt - external $64 million (1999) $187.2 billion (2006 est.)
Dependency status part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark since 1948 -
Diplomatic representation from the US none (self-governing overseas administrative division of Denmark) chief of mission: Ambassador Alexander VERSHBOW


embassy: 32 Sejong-no, Jongno-gu, Seoul 110-710


mailing address: US Embassy Seoul, APO AP 96205-5550


telephone: [82] (2) 397-4114


FAX: [82] (2) 738-8845
Diplomatic representation in the US none (self-governing overseas administrative division of Denmark) chief of mission: Ambassador LEE Tae-sik


chancery: 2450 Massachusetts Avenue NW, Washington, DC 20008


telephone: [1] (202) 939-5600


FAX: [1] (202) 387-0205


consulate(s) general: Agana (Guam), Atlanta, Boston, Chicago, Honolulu, Houston, Los Angeles, New York, San Francisco, Seattle
Disputes - international Faroese are considering proposals for full independence; Denmark dispute with Iceland over the Faroe Islands fisheries median line boundary of 200 NM; Denmark disputes with Iceland, the UK, and Ireland over the Faroe Islands continental shelf boundary outside 200 NM Military Demarcation Line within the 4-km wide Demilitarized Zone has separated North from South Korea since 1953; periodic incidents with North Korea in the Yellow Sea over the Northern Limiting Line, which South Korea claims as a maritime boundary; South Korea and Japan claim Liancourt Rocks (Tok-do/Take-shima), occupied by South Korea since 1954
Economic aid - donor - ODA, $744 million (2005)
Economic aid - recipient $135 million (annual subsidy from Denmark) (1999) -
Economy - overview The Faroese economy has had a strong performance since 1994, mostly as a result of increasing fish landings and high and stable export prices. Unemployment is falling and there are signs of labor shortages in several sectors. The positive economic development has helped the Faroese Home Rule Government produce increasing budget surpluses which in turn help to reduce the large public debt, most of it owed to Denmark. However, the total dependence on fishing makes the Faroese economy extremely vulnerable, and the present fishing efforts appear in excess of what is a sustainable level of fishing in the long term. Oil finds close to the Faroese area give hope for deposits in the immediate Faroese area, which may eventually lay the basis for a more diversified economy and thus lessen dependence on Denmark and Danish economic assistance. Aided by a substantial annual subsidy (15% of GDP) from Denmark, the Faroese have a standard of living not far below the Danes and other Scandinavians. Since the 1960s, South Korea has achieved an incredible record of growth and integration into the high-tech modern world economy. Four decades ago, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies. Today its GDP per capita is equal to the lesser economies of the EU. This success was achieved by a system of close government/business ties, including directed credit, import restrictions, sponsorship of specific industries, and a strong labor effort. The government promoted the import of raw materials and technology at the expense of consumer goods and encouraged savings and investment over consumption. The Asian financial crisis of 1997-99 exposed longstanding weaknesses in South Korea's development model, including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector. GDP plunged by 6.9% in 1998, then recovered by 9.5% in 1999 and 8.5% in 2000. Growth fell back to 3.3% in 2001 because of the slowing global economy, falling exports, and the perception that much-needed corporate and financial reforms had stalled. Led by consumer spending and exports, growth in 2002 was an impressive 7%, despite anemic global growth. Between 2003 and 2006, growth moderated to about 4-5%. A downturn in consumer spending was offset by rapid export growth. Moderate inflation, low unemployment, an export surplus, and fairly equal distribution of income characterize this solid economy.
Electricity - consumption 153.45 million kWh (2000) 352.5 billion kWh (2005)
Electricity - exports 0 kWh (2000) 0 kWh (2005)
Electricity - imports 0 kWh (2000) 0 kWh (2005)
Electricity - production 165 million kWh (2000) 366.2 billion kWh (2005)
Electricity - production by source fossil fuel: 61%


hydro: 39%


nuclear: 0%


other: 0% (2000)
-
Elevation extremes lowest point: Atlantic Ocean 0 m


highest point: Slaettaratindur 882 m
lowest point: Sea of Japan 0 m


highest point: Halla-san 1,950 m
Environment - current issues NA air pollution in large cities; acid rain; water pollution from the discharge of sewage and industrial effluents; drift net fishing
Environment - international agreements - party to: Antarctic-Environmental Protocol, Antarctic-Marine Living Resources, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands, Whaling


signed, but not ratified: none of the selected agreements
Ethnic groups Scandinavian homogeneous (except for about 20,000 Chinese)
Exchange rates Danish kroner per US dollar - 8.418 (January 2002), 8.323 (2001), 8.083 (2000), 6.976 (1999), 6.701 (1998), 6.604 (1997) South Korean won per US dollar - 955.3 (2006), 1,024.1 (2005), 1,145.3 (2004), 1,191.6 (2003), 1,251.1 (2002)
Executive branch chief of state: Queen MARGRETHE II of Denmark (since 14 January 1972), represented by High Commissioner Birgit KLEIS, chief administrative officer (since 1 November 2001)


head of government: Prime Minister Anfinn KALLSBERG (since 15 May 1998)


cabinet: Landsstyri appointed by the prime minister


elections: the monarch is hereditary; high commissioner appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually elected prime minister by the Faroese Parliament; election last held 30 April 1998 (next to be held no later than April 2002)


election results: Anfinn KALLSBERG elected prime minister; percent of parliamentary vote - 52.8%


note: coalition of People's Party, Republican Party, and Home Rule Party
chief of state: President ROH Moo-hyun (since 25 February 2003)


head of government: Prime Minister HAN Duck-soo (since 2 April 2007); Deputy Prime Ministers KIM Woo-sik (since 10 February 2006); KWON O-kyu (since 18 July 2006); KIM Shin-il (since 20 September 2006)


cabinet: State Council appointed by the president on the prime minister's recommendation


elections: president elected by popular vote for a single five-year term; election last held 19 December 2002 (next to be held on 19 December 2007); prime minister appointed by president with consent of National Assembly; deputy prime ministers appointed by president on prime minister's recommendation


election results: ROH Moo-hyun elected president; percent of vote - ROH Moo-hyun (MDP) 48.9%; LEE Hoi-chang (GNP) 46.6%; other 4.5%
Exports $471 million f.o.b. (1999) 644,100 bbl/day (2004)
Exports - commodities fish and fish products 94%, stamps, ships (1999) semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, petrochemicals
Exports - partners Denmark 32%, UK 21%, France 9%, Germany 7%, Iceland 5%, US 5% (1996) China 21.3%, US 13.3%, Japan 8.1%, Hong Kong 5.9% (2006)
Fiscal year calendar year calendar year
Flag description white with a red cross outlined in blue extending to the edges of the flag; the vertical part of the cross is shifted toward the hoist side in the style of the Dannebrog (Danish flag) white with a red (top) and blue yin-yang symbol in the center; there is a different black trigram from the ancient I Ching (Book of Changes) in each corner of the white field
GDP purchasing power parity - $910 million (2000 est.) -
GDP - composition by sector agriculture: 27%


industry: 11%


services: 62% (1999)
agriculture: 3.2%


industry: 39.6%


services: 57.2% (2006 est.)
GDP - per capita purchasing power parity - $20,000 (2000 est.) -
GDP - real growth rate 5% (2000 est.) 5% (2006 est.)
Geographic coordinates 62 00 N, 7 00 W 37 00 N, 127 30 E
Geography - note archipelago of 17 inhabited islands and one uninhabited island, and a few uninhabited islets; strategically located along important sea lanes in northeastern Atlantic; precipitous terrain limits habitation to small coastal lowlands strategic location on Korea Strait
Heliports - 536 (2007)
Highways total: 463 km


paved: 454 km


unpaved: 9 km (1999)
-
Household income or consumption by percentage share lowest 10%: NA%


highest 10%: NA%
lowest 10%: 2.9%


highest 10%: 25% (2005 est.)
Imports $469 million c.i.f. (1999) 2.83 million bbl/day (2004)
Imports - commodities machinery and transport equipment 29%, consumer goods 36%, raw materials and semi-manufactures 32%, fuels, fish and salt (1999) machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics
Imports - partners Denmark 28%, Norway 26%, Germany 7%, UK 6% Sweden 5%, Iceland 4%, US (1999) Japan 16.8%, China 15.7%, US 11%, Saudi Arabia 6.7%, UAE 4.2% (2006)
Independence none (part of the Kingdom of Denmark; self-governing overseas administrative division of Denmark) 15 August 1945 (from Japan)
Industrial production growth rate 8% (1999 est.) 8% (2006 est.)
Industries fishing, fish processing, shipbuilding, construction, handicrafts electronics, telecommunications, automobile production, chemicals, shipbuilding, steel
Infant mortality rate 6.66 deaths/1,000 live births (2002 est.) total: 6.05 deaths/1,000 live births


male: 6.43 deaths/1,000 live births


female: 5.64 deaths/1,000 live births (2007 est.)
Inflation rate (consumer prices) 5.1% (1999) 2.2% (2006 est.)
International organization participation NC, NIB AfDB, APEC, APT, ARF, AsDB, ASEAN (dialogue partner), Australia Group, BIS, CP, EAS, EBRD, FAO, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAIA, MIGA, NEA, NSG, OAS (observer), OECD, ONUB, OPCW, OSCE (partner), PCA, PIF (partner), SAARC (observer), UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIL, UNMIS, UNMOGIP, UNOMIG, UNWTO, UPU, WCL, WCO, WHO, WIPO, WMO, WTO, ZC
Internet Service Providers (ISPs) 2 (2000) -
Irrigated land 0 sq km (1998 est.) 8,780 sq km (2003)
Judicial branch none Supreme Court (justices appointed by president with consent of National Assembly); Constitutional Court (justices appointed by president based partly on nominations by National Assembly and Chief Justice of the court)
Labor force 24,250 (October 2000 ) 23.98 million (2006 est.)
Labor force - by occupation fishing, fish processing, and manufacturing 33%, construction and private services 33%, public services 34% agriculture: 6.4%


industry: 26.4%


services: 67.2% (2006 est.)
Land boundaries 0 km total: 238 km


border countries: North Korea 238 km
Land use arable land: 2.14%


permanent crops: 0%


other: 97.86% (1998 est.)
arable land: 16.58%


permanent crops: 2.01%


other: 81.41% (2005)
Languages Faroese (derived from Old Norse), Danish Korean, English widely taught in junior high and high school
Legal system Danish combines elements of continental European civil law systems, Anglo-American law, and Chinese classical thought; has not accepted compulsory ICJ jurisdiction
Legislative branch unicameral Faroese Parliament or Logting (32 seats; members are elected by popular vote on a proportional basis from the seven constituencies to serve four-year terms)


elections: last held 30 April 2002 (next to be held no later than April 2006)


election results: percent of vote by party - Union Party 26%, Republican Party 23.7%, Social Democrats 20.9%, People's Party 20.8% Independence Party 4.4%, Center Party 4.2%; seats by party - Union Party 8, Republican Party 8, Social Democrats 7, People's Party 7, Independence Party 1, Center Party 1


note: election of 2 seats to the Danish Parliament was last held on 20 November 2001 (next to be held no later than November 2005); results - percent of vote by party - NA; seats by party - Republican Party 1, Union Party 1
unicameral National Assembly or Kukhoe (299 seats; 243 members elected in single-seat constituencies, 56 elected by proportional representation; to serve four-year terms)


elections: last held 15 April 2004 (next to be held in April 2008)


election results: percent of vote by party - Uri 51%, GNP 41%, DLP 3%, DP 3%, others 2%; seats by party - Uri 141, GNP 127, DP 12, DLP 9, PFP 5, independents 5


note: percent of vote is for 2004 general election; seats by party reflect results of 2005 and 2006 by-elections; MDP became DP in May 2005; United Liberal Democrats (ULD) merged with GNP in February 2006
Life expectancy at birth total population: 78.74 years


male: 75.28 years


female: 82.21 years (2002 est.)
total population: 77.23 years


male: 73.81 years


female: 80.93 years (2007 est.)
Literacy definition: NA


total population: NA%


male: NA%


female: NA%


note: similar to Denmark proper
definition: age 15 and over can read and write


total population: 97.9%


male: 99.2%


female: 96.6% (2002)
Location Northern Europe, island group between the Norwegian Sea and the North Atlantic Ocean, about one-half of the way from Iceland to Norway Eastern Asia, southern half of the Korean Peninsula bordering the Sea of Japan and the Yellow Sea
Map references Europe Asia
Maritime claims continental shelf: 200 NM or agreed boundaries or median line


exclusive fishing zone: 200 NM or agreed boundaries or median line


territorial sea: 3 NM
territorial sea: 12 nm; between 3 nm and 12 nm in the Korea Strait


contiguous zone: 24 nm


exclusive economic zone: 200 nm


continental shelf: not specified
Merchant marine total: 7 ships (1,000 GRT or over) totaling 100,951 GRT/139,396 DWT


ships by type: cargo 2, petroleum tanker 2, refrigerated cargo 1, roll on/roll off 1, short-sea passenger 1


note: includes some foreign-owned ships registered here as a flag of convenience: Denmark 3, Norway 1, United Kingdom 1 (2002 est.)
total: 738 ships (1000 GRT or over) 10,636,466 GRT/17,371,943 DWT


by type: bulk carrier 187, cargo 202, carrier 1, chemical tanker 119, container 81, liquefied gas 26, passenger 5, passenger/cargo 21, petroleum tanker 57, refrigerated cargo 19, roll on/roll off 8, specialized tanker 4, vehicle carrier 8


foreign-owned: 22 (China 2, France 8, Japan 1, Sweden 2, UK 1, US 7, Vietnam 1)


registered in other countries: 386 (Belize 4, Cambodia 29, China 1, Cyprus 2, Greece 2, Honduras 6, Hong Kong 6, Indonesia 1, Liberia 4, Malta 3, Marshall Islands 3, Netherlands 1, Panama 316, Russia 1, Singapore 7, unknown 4) (2007)
Military - note defense is the responsibility of Denmark -
Military branches no regular indigenous military forces; small Police Force and Coast Guard are maintained Army, Navy, Republic of Korea Air Force (Han-guk Kong Goon), Marine Corps, National Maritime Police (coast guard) (2006)
Military expenditures - dollar figure $NA -
Military expenditures - percent of GDP NA% 2.7% (2006)
National holiday Olaifest, 29 July Liberation Day, 15 August (1945)
Nationality noun: Faroese (singular and plural)


adjective: Faroese
noun: Korean(s)


adjective: Korean
Natural hazards NA occasional typhoons bring high winds and floods; low-level seismic activity common in southwest
Natural resources fish, whales, hydropower coal, tungsten, graphite, molybdenum, lead, hydropower potential
Net migration rate 2.39 migrant(s)/1,000 population (2002 est.) 0 migrant(s)/1,000 population (2007 est.)
Pipelines - gas 1,482 km; refined products 827 km (2006)
Political parties and leaders Center Party [Tordur NICALSEN]; Home Rule Party [Helena Dam a NEYSTABO]; Independence Party [leader NA]; People's Party [Oli BRECKMANN]; Republican Party [Finnabogi ISAKSON]; Social Democratic Party [Joannes EIDESGAARD]; Union Party [Edmund JOENSEN] Democratic Labor Party or DLP [MOON Seong-hyun]; Democratic Party or DP [PARK Sang-chun]; Grand National Party or GNP [KANG Jae-sup]; People-First Party or PFP [SHIN Kook-hwan and SIM Dae-pyung]; Uri Party [Chung Sye-kyun]
Political pressure groups and leaders NA Federation of Korean Industries; Federation of Korean Trade Unions; Korean Confederation of Trade Unions; Korean National Council of Churches; Korean Traders Association; Korean Veterans' Association; National Council of Labor Unions; National Democratic Alliance of Korea; National Federation of Farmers' Associations; National Federation of Student Associations
Population 46,011 (July 2002 est.) 49,044,790 (July 2007 est.)
Population below poverty line NA% 15% (2003 est.)
Population growth rate 0.74% (2002 est.) 0.394% (2007 est.)
Ports and harbors Torshavn, Klaksvik, Tvoroyri, Runavik, Fuglafjordhur -
Radio broadcast stations AM 1, FM 13, shortwave 0 (1998) AM 61, FM 150, shortwave 2 (2005)
Radios 26,000 (1997) -
Railways 0 km total: 3,472 km


standard gauge: 3,472 km 1.435-m gauge (1,342 km electrified) (2006)
Religions Evangelical Lutheran Christian 26.3% (Protestant 19.7%, Roman Catholic 6.6%), Buddhist 23.2%, other or unknown 1.3%, none 49.3% (1995 census)
Sex ratio at birth: 1 male(s)/female


under 15 years: 1.01 male(s)/female


15-64 years: 1.13 male(s)/female


65 years and over: 0.81 male(s)/female


total population: 1.06 male(s)/female (2002 est.)
at birth: 1.08 male(s)/female


under 15 years: 1.106 male(s)/female


15-64 years: 1.038 male(s)/female


65 years and over: 0.688 male(s)/female


total population: 1.01 male(s)/female (2007 est.)
Suffrage 18 years of age; universal 19 years of age; universal
Telephone system general assessment: good international communications; good domestic facilities


domestic: digitalization was completed in 1998; both NMT (analog) and GSM (digital) mobile telephone systems are installed


international: satellite earth stations - 1 Orion; 1 fiber-optic submarine cable to the Shetland Islands, linking the Faroe Islands with Denmark and Iceland; fiber-optic submarine cable connection to Canada-Europe cable
general assessment: excellent domestic and international services


domestic: NA


international: country code - 82; numerous submarine cables provide links throughout Asia, Australia, the Middle East, Europe, and US; satellite earth stations - 3 Intelsat (1 Pacific Ocean and 2 Indian Ocean) and 3 Inmarsat (1 Pacific Ocean and 2 Indian Ocean)
Telephones - main lines in use 24,851 (1999) 26.866 million (2006)
Telephones - mobile cellular 10,761 (1999) 40.197 million (2006)
Television broadcast stations 3 (plus 43 low-power repeaters) (September 1995) 43 (plus 59 cable operators and 190 relay cable operators) (2005)
Terrain rugged, rocky, some low peaks; cliffs along most of coast mostly hills and mountains; wide coastal plains in west and south
Total fertility rate 2.27 children born/woman (2002 est.) 1.28 children born/woman (2007 est.)
Unemployment rate 1% (October 2000 ) 3.3% (2006 est.)
Waterways none 1,608 km (most navigable only by small craft) (2007)
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